Ecuador
- Author: Economic Commission for Latin America and the Caribbean
- Main Title: Economic Survey of Latin America and the Caribbean 2002-2003 , pp 197-205
- Publication Date: December 2003
- DOI: https://doi.org/10.18356/e6296244-en
- Language: English
Economic growth in Ecuador faltered during 2002, slipping to 3.8% from its 2001 level of 5.5%. This downward trend carried over into the first quarter of 2003, despite an upturn in oil prices; for although output expanded by 2.4% in relation to the first quarter of 2002, it shrank by 0.3% with respect to the fourth quarter. Demand cooled as the confidence generated by dollarization in 2000 and the energizing effect of the construction of the heavy crude oil pipeline both wore off, while hydrocarbons production shrank, particularly in the State oil company, Petróleos del Ecuador (PETROECUADOR).
© United Nations
ISBN (PDF):
9789211558777
Book DOI:
https://doi.org/10.18356/1802ae64-en
Related Subject(s):
Economic and Social Development
Sustainable Development Goals:
Countries:
Ecuador
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